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India US Trade Deal
The trade relationship between India and the United States is one of the most significant bilateral partnerships in the world. As of 2026, the US remains India’s largest trading partner, with the two
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Rupee logs best week in over three years on India-US trade deal boost
While traders and analysts say that the trade breakthrough has lifted the pall over the rupee, a sustainable rally would depend on a bounceback in foreign portfolio inflows
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Frequently asked questions
What is the current tariff rate on Indian goods entering the US?
As of February 2026, the reciprocal tariff on most Indian goods has been reduced to 18%, down from a previous high of 25%. Additionally, the 25% penalty tariff related to Russian oil purchases has been completely removed.
What does "Mission 500" refer to in India-US trade?
Mission 500 is a bilateral economic goal set by both governments to increase the total value of annual trade between India and the United States to $500 billion by the year 2030.
How has the trade deal changed India’s energy imports?
Under the 2026 trade agreement, India has committed to reducing its reliance on Russian crude oil and increasing its intake of American energy products, including liquefied natural gas (LNG) and coal.
